Lukoil and Gazprombank-Frezia to acquire a 56.43% stake in Enel Russia for $144m.

Lukoil, an integrated oil company, and Gazprombank-Frezia, a closed combined mutual investment fund, agreed to acquire a 56.43% stake in Enel Russia, an international energy group, for $144m. The transaction is in line with the strategic aim of the group to focus its activities mainly in countries where an integrated position along the value chain can drive growth and enhance value creation from the opportunities offered by the energy transition.